Category Archives ofTrading Tips :

Archive for Category: Trading Tips

After years of engaging with hundreds of traders, we have seen that most traders feel overwhelmed and do not really know where to get started when it comes to improving their trading skills. There are so many things you could be doing: testing indicators, using different timeframes, optimizing position sizing and risk management, learning about [...]

We have followed thousands of traders over the years and noticed that they almost all go through the exact same 5 stages. In psychology, it’s often referred to as the “conscious competence ladder” and it applies to trading as well.

Understanding at which stage you are right now can help you make the next step more easily and help you avoid the most common mistakes

Stage 1: Unconscious incompetence

This is the initial phase of a novice trader when he is just getting his feet wet in the markets. At that stage, a trader doesn’t know how much he doesn’t know, which can often be a liberating, but dangerous place to be in because the dangers are not obvious to him.

Besides the emotional and mindset related features that Edgewonk offers, there are also plenty of order optimization and trade specific features that can help traders improve the way they approach the markets. In this article, we introduce 5 order specific Edgewonk metrics and show you how to use them to gain new insights into your […]

Many traders constantly ask themselves if they could make more money by making changes to their trading strategy, taking profits in a different way or managing trades differently. Usually, traders then just change their whole approach, hoping that it works out or they have to cumbersomely set up a new account and then trade their new approach simultaneously […]

Menu

Follow Us

Connect with us!

Risk Disclaimer

Trading Futures, Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. The articles and content on this website are for entertainment purposes only and do not constitute investment advice. | Full Terms
Image credit: Unsplash

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.